Peel Hunt Reiterates Buy Rating for Marks and Spencer Group (MKS)
Marks and Spencer Group (LON:MKS)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a research note issued on Tuesday. They presently have a GBX 450 ($6.06) price objective on the retailer’s stock. Peel Hunt’s price target suggests a potential upside of 41.87% from the stock’s current price.
MKS has been the topic of a number of other research reports. Credit Suisse Group restated a “neutral” rating and set a GBX 370 ($4.98) target price on shares of Marks and Spencer Group in a research note on Friday, September 1st. Deutsche Bank restated a “hold” rating and set a GBX 335 ($4.51) target price on shares of Marks and Spencer Group in a research note on Wednesday, November 15th. J P Morgan Chase & Co restated an “underweight” rating and set a GBX 285 ($3.84) target price on shares of Marks and Spencer Group in a research note on Tuesday, November 28th. Shore Capital restated a “hold” rating on shares of Marks and Spencer Group in a research note on Wednesday, November 8th. Finally, Barclays reiterated an “overweight” rating and issued a GBX 370 ($4.98) price target on shares of Marks and Spencer Group in a report on Thursday, November 9th. Nine research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of GBX 350.70 ($4.72).
Marks and Spencer Group (LON:MKS) opened at GBX 317.20 ($4.27) on Tuesday. Marks and Spencer Group has a one year low of GBX 296.30 ($3.99) and a one year high of GBX 397.80 ($5.35).
Marks and Spencer Group (LON:MKS) last released its earnings results on Wednesday, November 8th. The retailer reported GBX 10.70 ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 9.60 ($0.13) by GBX 1.10 ($0.01). Marks and Spencer Group had a net margin of 1.65% and a return on equity of 5.62%. The company had revenue of GBX 512.56 billion for the quarter.
In related news, insider Archie Norman acquired 10,000 shares of the stock in a transaction on Friday, September 8th. The stock was bought at an average cost of GBX 320 ($4.31) per share, with a total value of £32,000 ($43,068.64).
About Marks and Spencer Group
Marks and Spencer Group plc (M&S) is a retailer in the United Kingdom, with over 1,380 stores around the world. The Company is the holding company of the Marks & Spencer Group of companies. The Company operates through two segments: UK and International. The UK segment consists of the United Kingdom retail business and the United Kingdom franchise operations.
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